The recent rise in consumer bankruptcies continued in the second quarter, with more than 367,000 new filings nationwide. This represents nearly a 10% increase over the first-quarter level and almost a 30% rise compared to 1996:IIQ. Ohio bankruptcies have mirrored national trends, with 13,815 filings in the second quarter, a 12% advance from the first three months of the year.
Suggested citation: “Consumer Bankruptcies,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-09, pp. 17, 09.01.1997.